Steve Is a Full-Time Exempt Employee at a Local Electricity

Multiple Choice

Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $43,325 and is paid biweekly. What is his Social Security tax deduction for each pay period? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A) $98.67
B) $106.34
C) $103.31
D) $123.95